Student Loan

Student Loan

A loan one uses to pay for postsecondary education. A parent, guardian or the student may take out a student loan. In the United States, the federal government subsidizes or guarantees some student loans to enable more people to attend college. Interest on student loans is also tax deductible in the United States. However, because universities in the United States are often so expensive, many students spend a significant portion of their income on student debt service.

The education loan issue has been a sore point for banks and students in Kerala, with students and parents arguing that banks frequently turn a blind eye to education loan applications and banks taking the stance that repayment of education loans can often be problematic.

com, members can obtain information and apply online for products such as PLUS Loans for parents, Private Education Loans for undergraduate and graduate students and Federal and Private Consolidation loans for new graduates.

13 /PRNewswire/ -- USA Funds(R) and Northwest Education Loan Association(R) (NELA), two nonprofit guarantors of federal education loans, have announced the completion of a precedent-setting affiliation that promises enhanced education-loan services for postsecondary institutions, students and parents in the Northwest.

221(d) defines this as a loan obtained to refinance other qualified education loans or to pay qualified higher education expenses (QHEEs) for an eligible student at an eligible educational institution.

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